Lab Storage Container Market Forecast and CAGR of ~5.5% - 6.5%
Demand for the Lab storage container market will witness a steady recovery in short term, with a positive outlook in the long run. Increased investments in the field of life sciences and the biomedical sector are expected to drive the market.
In addition, the demand for lab automation is expected to grow in the coming years as researchers and scientists prefer using new and developed systems to enhance the efficiency of medical discoveries, liquid handling, purification, and polymerase chain reactions.
What is Driving Demand for Lab Storage Container Market?
Key factors such as increasing number of research and development laboratories, increasing demand for plasticware and glassware products for clinical use in hospitals and forensic laboratories as they are lightweight, recyclable, cost-effective, and non-breakable, government support in the field of pharmaceutical and drug discovery, etc. are expected to be the major driver for the market growth of the global laboratory glassware & plasticware market.
Furthermore, the increasing focus on the development of innovative products in the field of medical and life sciences will further drive demand in research and academic institutes.
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New Product Development and E-commerce Channel Complementing the Market Sales
The rising demand for plastics in the healthcare industry owing to its advantages such as lightweight, cost-effectiveness, biocompatibility, and versatility is projected to drive the market. Since the new products are cost-effective, it will possess increased demand which eventually helps in avoiding contamination of medical products and offers better safety to patients. Plasticware product types are breakage-free and do not chip when handling hazardous chemicals and chemical substances.
Also, the growing prevalence of chronic diseases and advancements in production technologies also helps in driving the growth of Lab storage containers.
US and Canada Lab Storage Container Market Outlook
North America dominates the market owing to the implementation of the Affordable Care Act and NIH’s Big Data to Knowledge initiative. The increasing number of hospitals in the regions of China, South Korea, India, and few parts of America is driving the market with an optimistic growth opportunity.
Moreover, lab storage products play a crucial role in disease control and surveillance. Laboratory services support effective healthcare by providing reliable, valid, and timely results. Proper functioning, good quality equipment, and an uninterrupted supply of reagents and other lab consumables are essential for this. The growing awareness is expected to drive demand for lab storage containers in the future.
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Europe Demand Outlook for Lab Storage Container Market
Globally, rising demand and acceptance of laboratory plasticware in cell cultures and cryo preservation-related studies and experiments, upsurge in demand for plastic-based equipment due to longer shelf life, better handling and safety benefits, and cost-effectiveness are the prime growth drivers of the laboratory market.
In addition, the major opportunity for the laboratory market to grow is the rising living standard and improving healthcare facilities in emerging nations in the European region.
Who are the Key Manufacturers and Suppliers of Lab Storage Container Market?
Some of the leading manufacturers and suppliers of sneaker deodorant market include
- Camlab Ltd
- Spectrum Chemical Manufacturing Corp.
- John Barron_Reagecon
- Roche Holding AG
- Abbott Laboratories Inc.
- Tecan Group Ltd
- Thermo Fisher Scientific Inc.
- McKesson Corp.
- Medline Industries Inc.
- Wheaton Science Products
- Dynarex Corp.
- Starlab group
- Kimble Chase Life Sciences and Research Products
- Beckton Dickinson and company
- Bio-Rad Laboratories Inc.
- Analytik Jena AG
- Brooks Automation Inc.
- Mettler-Toledo International Inc.
- Corning Inc.
An Adaptive Approach to Modern-day Research Needs
By Product Type
- Test Tubes
- Pipette Tips
- Petri Plates
- Storage Box
- Measuring Cylinders
- Original Equipment Manufacturers
- Biotechnology and Pharmaceutical companies
- Hospital and Diagnostic Centers
- Private Laboratories
- Academic institutes
- Research institutes
- Food testing Laboratory
- Below US$ 10
- US$ 10 – US$ 100
- US$ 100 – US$ 1000
- US$ 1000 – US$ 5000
- US$ 5000 – US$ 10000
- Above US$ 10000
By Sales Channel
- Online Retailers
- Direct Sales
- Other Sales Channel
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
- North America
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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